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COMMENT: Uganda’s dilemma

COMMENT | By Amos Wekesa | After reading The Daily Monitor yesterday and seeing Justice Stephen Kavuma back, I told a business friend of mine that we urgently need to form a task force that will educate Ugandan politicians, civil servant basics of investment while one can. If we don’t do …

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Republicans want to make it easier to buy silencers for guns

Washington, United States | AFP | Republican lawmakers on Tuesday proposed making it easier to buy silencers for firearms, scandalizing Democrats. The proposed legislation aims mainly to benefit hunters or owners of firing ranges and contains several provisions, including the one on silencers. Since 1934, a government permit has been required …

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NSSF adds MTN mobile money platform to saving options

MTN strikes deal with NSSF,  backs formulation of mobile money law Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has added the mobile money platform as an option for Ugandans to make their contributions. “We are making saving easier for Ugandans and more convenient on their phones,” said NSSF …

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URA’s silver bullet

How addition of Single Customs Territory is changing cross-border business Kampala, Uganda | JULIUS BUSINGE | Imagine you are a trader in Uganda importing goods requiring 500 trucks. Under what has until now been the Uganda Revenue Authority (URA) system, each truck would require its own customs clearance entry costing …

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Bitature Foundation aims to empower 500,000 Ugandan youth

Kampala, Uganda | THE INDEPENDENT |  A new youth empowerment programme called Project 500K has started its mission of empowering young Ugandans, aged 18 – 35, as they begin their careers. Project 500K plans to empower youth to change their mindset and build the skills needed to be employable or run a …

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Dubai developers unveil mega projects despite downturn

Dubai, United Arab Emirates | AFP | The $680 million Venice development four kilometres (2.5 miles) off Dubai will have capacity of 3,000 visitors. Real estate is a mainstay in Dubai which has the most diversified economy in the oil-rich Gulf, with oil sales bringing in under 10 percent of state …

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Florida insurers avoid Hurricane Irma ‘nightmare’

Washington, United States | AFP | Florida insurance companies appear to have avoided what could have been a catastrophic hit after damage estimates from Hurricane Irma on Monday fell sharply due to last-minute shifts in the storm’s trail of destruction. The storm spared cities on Florida’s eastern coast, which analysts …

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Airtel Uganda records Shs 160bn net profit

Anwar Soussa, who supervised the record performance, quit the telecom company Kampala, Uganda | ISAAC KHISA | Telecom service provider, Airtel Uganda, ended the 2016 financial year with 85.6% growth in net profit to Shs 160.45bn on the back of improved uptake of mobile money, value added services and data. …

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